Groww vs Choice Broking – Compare Charges, Trading Features, Offers & more

Find a Comparison of Groww vs Choice Broking here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Groww and Choice Broking.

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Groww vs Choice Broking – Company Overview

Company Overview Groww Choice Broking
Company Type Private Private
Headquarters Bangalore Mumbai
Founder Lalit Keshre Kamal Poddar
Establishment Year 2016 2010

Compare the Brokerage of Groww and Choice Broking

Brokerage Groww Choice Broking
Brokerage Plan Standard Plan Standard Plan
Subscription Charges Zero Zero
Equity Delivery Rs.20 per Trade or 0.05% (whichever is low) 0.2% of Transaction Value
Equity Intraday Rs.20 per Trade or 0.05% (whichever is low) 0.02% of Transaction Value
Equity Future Rs.20 per Trade or 0.05% (whichever is low) 0.02% of Transaction Value
Equity Option Rs.20 per Trade Rs.25 per lot
Commodity Future NA 0.02% of Transaction Value
Commodity Option NA Rs.50 per lot
Currency Future NA 0.02% of Transaction Value
Currency Option NA Rs.20 per lot

Groww vs Choice Broking – Trading Platforms

Trading Platforms Groww Choice Broking
Android App Groww Android App Link Choice Broking Android App Link
iOS App Groww iOS App Link Choice Broking iOS App Link
Web Trading Platform Groww Web Trading Link Choice Broking Web Trading Link
Trading Terminal NA NA
Algo Trading Platform NA NA
Foreign Stocks Trading Platform NA NA
Basket Trading Platform NA NA
Mutual Fund Investment Platform Available NA
Digital Gold Investment Platform NA NA
Bonds Investment Platform NA NA

Comparison of Groww and Choice Broking – Trading Features

Trading Features Groww Choice Broking
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes No
Research Reports No Yes
Global indices No No
Customised Recommendations No Yes
Stock tips No Yes
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management No No
Robust & Secure Platform Yes Yes

Compare Groww vs Choice Broking Offers

Offers Groww Choice Broking
Free Account Opening Yes Yes
Free AMC Yes No
Free Brokerage No No
Flat Brokerage Yes No
Flexible Brokerage Plans No No
Happy Trading Hours No No
Free Delivery Trading No No
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports No No
Free Trading calls No No
Referral Offers Rs.300 per Client Upto Rs. 100 per Client
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No No

Groww vs Choice Broking – Products Provided

Products Provided Groww Choice Broking
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option No Yes
Commodity Future No Yes
Currency Option No Yes
Currency Future No Yes
Foreign Stocks No No
Mutual Funds Yes No
Banking No
Insurance No Yes
Corporate Bonds No No
Govt. Bonds No No
Digital Gold No No

Groww vs Choice Broking – Services Provided

Services Provided Groww Choice Broking
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes No
3 in 1 Account No No
Stock Research No Yes
Stock Recommendations No Yes
Trading Institution No No
Share Pledging Yes Yes
PMS or PCG No No
NRI Services No No

Compare Groww and Choice Broking Advisory

Advisory Groww Choice Broking
Fundamental Reports No Yes
Research Reports No Yes
Company Reports No Yes
Annual Reports No Yes
IPO Reports No No
Technical Reports No No
Stock Tips No Yes
Daily Top Stock Picks No Yes
Daily Market Review No No
Monthly Review No Yes
Weekly Review No No
Relationship Manager No Yes
Robo Advisory No No

Comparison of Groww and Choice Broking Exposure

Exposure Groww Choice Broking
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Compare Programs of Groww & Choice Broking

Programs Groww Choice Broking
Sub Broker Program Yes, Limited Yes
Partner Program Yes Yes
Referral Program Yes Yes

Groww vs Choice Broking – Ratings by Finec

Ratings Groww Choice Broking
Overall Rating 9.75 / 10 8.63 / 10
Customer Support 9.71 / 10 8.59 / 10
Technology 9.87 / 10 8.73 / 10
Charges 9.79 / 10 8.66 / 10
Products & Service 9.69 / 10 8.58 / 10
Experience 9.67 / 10 8.56 / 10

Compare Customer Support of Groww and Choice Broking

Customer Support Groww Choice Broking
Trading Support NA Available, Free
Dedicated Dealer NA Available, Free
Call Support 9108800604 022-67079999
Email Support
Whatsapp Support NA NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link Telegram Support Link
Branches / Offices NA Available

Comparison of Groww & Choice Broking Complaints

Complaints Groww Choice Broking
Total Complaints Lodged 181 78
Total Complaints Resolved 163 69
% of Resolved Complaints 90.06% 88.46%
Non Actionable Complaints 9 6
% of Non Actionable Complaints 4.97% 7.69%

Compare Demat Charges of Groww vs Choice Broking

Demat Charges Groww Choice Broking
Account Opening Charges Free Free
Annual Maintenance Charges (AMC) Free Rs.200 – Rs.3000 (First year free)

Groww vs Choice Broking – Compare STT & CTT

STT & CTT Groww Choice Broking
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future NA 0.05% on sell side
Commodity Option NA 0.05% on sell
Currency Future NA Nil
Currency Option NA Nil

Compare Stamp Duty of Groww and Choice Broking

Stamp Duty Groww Choice Broking
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future NA 0.002% on buy
Commodity Option NA 0.003% on buy
Currency Future NA 0.0001% on buy
Currency Option NA 0.0001% on buy

Groww vs Choice Broking – Transaction Charges

Transaction Charges Groww Choice Broking
Equity Delivery 0.00325% (NSE) & 0.00375% (BSE) 0.00325% (NSE & BSE)
Equity Intraday 0.00325% (NSE) & 0.00375% (BSE) 0.00325% (NSE & BSE)
Equity Future 0.0019% (NSE & BSE) 0.0019% (NSE & BSE)
Equity Option 0.05% (on premium) 0.053% (on premium)
Commodity Future NA 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
Commodity Option NA 0.05% (Non Agri)
Currency Future NA 0.0009% (NSE) & 0.00025% (BSE)
Currency Option NA 0.037% (NSE) & 0.001% (BSE)

Compare Pledge Charges of Groww & Choice Broking

Pledge Charges Groww Choice Broking
Pledge Creation Charges Free Rs.50 per Request or 0.02% of Value (whichever is higher)
Pledge Invocation Charges Rs.20 per Request Rs.100 per Request or 0.05% of Value (whichever is higher)
Interest on Margin Trading 0.045% per day 0.05% per day

Comparison of Groww and Choice Broking – Hidden Charge

Hidden Charge Groww Choice Broking
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.13.5 per Scrip only on Sell Rs.10 per Scrip on Sell
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Free Nil
Reactivation Charges Free Nil
Dematerialisation Charges Not Available Rs.10 per certificate
Call & Trade Charges Not Available Rs.30 per Trade

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